I first started my share investment since 13 April 2007. It has been an insightful experience. I made mistakes along the way and learnt from these mistakes. I adopted the appropriate action to refine my investment approach. My dividend investment is my adopted approach. I buy and hold the shares and wait for the dividends generated from the share which I own. I reinvest the dividends back to the shares to generate more dividends.
I used to maintain a life insurance policy and most expensive Integrated Shield insurance.
Life Insurance Policy
After learning of the merits and cons of such policy, I terminated the life insurance policy on 13 June 2013. I incurred a loss of about 34% in respect of the paid premium from from 1 November 2011 to 13 June 2013. I channelled the surrendered proceed into the share investment.
I replaced the Life Insurance Policy with the Term Insurance Insurance Policy. The premium for Term Insurance cost me about $6 per month which was about 94% reduction from the premium which I paid for Life Insurance Policy,
Private Integrated Shield Insurance
I held one of the most expensive Private Shield Insurance from 1 May 2005 to 14 January 2011. On 14 January 2011, I decided to terminate this Private Shield Insurance which cost me $173 per annum. This was replaced by Medishield which cost me $54 per annum at that point of time (in 2011).
I am glad to make the above-mentioned decisions which makes my life more at ease with lesser liability.